Variable Air Volume Systems Market

Variable Air Volume Systems Market Size-(2023-2028)

Variable Air Volume Systems Market will grow from US$ 13.15 billion in 2022 to $ 18.12 billion in 2028, recording a compound annual growth rate of above 9.1% over the forecast period from 2023-2028

Variable air volume (VAV) systems are explained as HVAC (heating, ventilation, and air conditioning) systems that are used for supplying airflow at different temperatures and forces to the infrastructure where they are installed. These are highly efficient methods of air supply, as they can induce greater energy efficiency in the infrastructure by reducing the supply of airflow each time the need decreases and saving energy consumption for your operations.

The call for Variable Air Volume (VAV) systems is expanding because of their demand in commercial constructions. With increased disposable income and an opulent lifestyle, we all want to achieve a quality indoor environment and a higher level of energy efficiency through automation and control of building systems. In the 1970s, when energy prices started to rise, the Variable Air Volume System appeared. The VAV system provides air conditioning, the volume of which varies according to the loss or gain of heat in the occupied spaces, without any change in temperature.

Drivers and Challenges in the Variable Air Volume Systems Market

• The high volume of ongoing construction activities worldwide should have a positive impact on market growth. Increased concentration and awareness of reduced energy consumption is likely to drive market growth. Increased personal income, as well as high concerns regarding the sustainability of operations, should stimulate market growth. Growing sustainability concerns and energy efficiency laws are other factors driving this market growth.
• The availability of various alternative systems and technologies that can be used for similar functions is expected to limit market growth. A lack of knowledge and information about the global presence of these systems is expected to hamper the market growth. The high costs associated with installing these systems depend on the specific configuration and the different applications are expected to decrease market growth.
• One of the main challenges is to provide adequate temperature control for multiple areas with different environmental conditions, such as an office on the glass perimeter of a building versus an interior office in the hallway. Dual duct systems supply fresh air in one duct and hot air in a second duct to provide a suitable mixed air temperature for any area. However, an additional duct is bulky and expensive. Reheating the air using electricity or hot water is a comparatively price-effective result.
• Increased disposable income, concerns about sustainability, increased investment in infrastructure, and energy efficiency legislation are some of the main factors driving the growth of the global Variable Air Volume systems market. Installation costs are very specific to the application, construction, and design of the building, whether new or modernized. Lack of familiarity, care, and maintenance, and spare parts availability are likely factors hampering the growth of the variable air volume systems market.

VARIABLE AIR VOLUME SYSTEMS MARKET REPORT COVERAGE

Variable Air Volume Systems Market Segmentation as per the research report until 2028.

Variable Air Volume Systems Market - By Type:

• Single-DuctDual-Duct

• Fan-Powered

• Induction Based

On the basis of type, the Single-Duct Variable Air Volume Systems (VAV) sector is predicted to account for the biggest industry share in the year 2019. Expansion in the single-duct VAV systems is boosted by its escalating call for applications in industrial buildings, mainly in nations like China, India, and South-East Asia.

Variable Air Volume Systems Market - By Application:

• Commercial Buildings

• Industrial Buildings

• Residential Buildings

The commercial building sector is escalating due to the rising call for Variable Air Volume (VAV) systems in the hospitality, retail, office, and warehouse businesses.

Variable Air Volume Systems Market - By Region:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

North America is the largest marketplace for Variable Air Volume (VAV) systems, due to its increasing use in various applications such as commercial buildings, residential buildings, and industrial buildings. High per capita income, a large clientele, a high standard of living, and a high migration rate due to industrial development have fuelled the growth of residential and commercial infrastructure in the region. North America dominated the global market for variable air volume systems in terms of market revenue, followed by Europe.

The Asia Pacific and Japan are expected to grow at a substantial rate of growth and contribute to the market value with robust CAGR during the outlook period. The Middle East and Africa and Asia-Pacific regions are supposed to record high expansion rates by using variable air volume (VAV) systems. The expansion of single-channel VAV systems is boosted by expansion in the construction industry, mainly in the APAC region’s construction and infrastructure works.

Recent Developments 

Trox GmbH has entered into a joint venture with the Egyptian manufacturer and supplier of air conditioning, Tiba El Manzalawi Group. With the help of this joint venture, Trox has a goal to help the Egyptian industry, and also other industries in the regions of the Middle East, North, and East Africa.

Impact of COVID-19 on Variable Air Volume Systems Market:

Amid all the negative impacts of the COVID-19 epidemic and the ensuing blockade, there are some advantages too. The COVID-19 epidemic resulted in a 21-day national shutdown, effective March 22, which limited the daily movements of the mass population, significantly reducing daily traffic. The dangerous levels of air pollution have fallen in almost all parts of the globe. However, this had an impact on the variable air systems market, which is likely to record slow growth in the coming years.

Some of the significant competitors right now working in the worldwide variable air volume (VAV) systems market are:

Johnson Controls; Ingersoll-Rand plc; Honeywell International Inc; United Technologies Corporation; Daikin Industries, Ltd.; Siemens; Emerson Electric Co.; TROX GmbH; KMC Controls; Schneider Electric; Systemair AB; KAD AIR CONDITIONING; METAL INDUSTRIES, INC.; Halton Group; Dynacraft Air Controls; Advanced Air UK Ltd; Waterloo Air Products Plc; Airmaster Equipments Emirates LLC among others.